Northern Powerhouse Investment Fund
Equity finance from £50,000 to £2 million for ambitious businesses located across the North West of England.
Take the next step in your growth journey
Funding available from £50,000 - £2 million
Equity Finance available for both start-ups and established businesses with growth ambitions.
Targeting businesses in the Northern Powerhouse region
Available to smaller companies located across the North West of England, Yorkshire & Humber and the Tees Valley.
Equity funding to support business growth
Funding packages can be tailored to individual business needs and growth strategy.
Available for start ups as well as established SMEs
For innovative and fast growing businesses at all stages of development.
About the Fund
The Northern Powerhouse Investment Fund, supported by the European Regional Development Fund, in collaboration with the British Business Bank and ten Local Enterprise Partnerships (LEPs), was created to support ambitious and entrepreneurial SMEs who are seeking the capital they require to fulfil their growth potential.
The NPIF Maven Equity Fund can invest between £50,000 and £2 million in earlier stage and established companies located across the Northern Powerhouse region.
Helping you grow your business
NPIF Maven Equity Finance is designed for small businesses that need funding to grow, and can support a wide range of business finance needs including:
Purchasing new machinery
Investing in new products
Hiring a new team
Filling gaps in working capital
SMEs we've supported across the Northern Powerhouse region
The company has proven its ability to sell to corporates profitably and has received strong references from a range of existing clients. Our diligence has enabled our team to recognize the company’s market leading product and the opportunities that could be had in this evolving sector.
Alex Rothwell, Investment Director at Maven
AppLearn is addressing a genuine need in in the industry for digital transformation services. The business is well placed to take advantage of the current migration to a digital economy and leverage off the new challenges facing enterprises today. We’re delighted to back Andrew, Adam and the team who are experienced and technology focussed with an excellent reputation in the market.
Dean Cox, Senior Investment Manager at Maven
Over the past two years, we’ve made huge leaps in our mission to be one of the leaders in web-based archiving and this funding milestone is central in supporting the next phase of our journey. This investment secures the next stage of our evolution and the team is truly proud of what we’ve achieved and where our vision will take us.
David Clee, CEO at MirrorWeb
Accessing investment can be a complex process, but Maven was extremely supportive throughout. The investment community is extremely excited about marketplace models and Maven recognised our unique offering and approach to the private security industry.
Tom Pickersgill, CEO of Orka Technology Group
It has been great to find an investor in our home city of Manchester which shares our vision and we are looking forward to working with Maven to take our business to the next stage.
Adam Ward, CEO of Airtime Rewards
The support from Maven allows us to further accelerate the growth of Relative Insight. Expanding into the USA is the next logical step for us.
Ben Hookway, CEO at Relative Insight
This investment from NPIF, will help My Digital Accounts scale its marketing activities to raise awareness of its product offering, particularly to support companies in HMRC’s widely-publicised Making Tax Digital (MTD) initiative which affects all companies with turnover in excess of £85,000.
John Whelan, Founder of My Digital Accounts
We are thrilled to have completed our series B funding round with the support of Maven and the Northern Powerhouse Investment Fund. This funding provides Evove with the required resources to develop products to meet the market’s needs.
Andrew Greenaway, Executive Chairman of Evove
The Northern Powerhouse region
The Northern Powerhouse covers the North West, Yorkshire, the Humber and Tees Valley, supporting companies based in:
- Liverpool City Region
- Cheshire and Warrington
- York, North Yorkshire and East Riding
- Sheffield City Region
- Tees Valley
- Leeds City Region
- The Humber
Latest news & insights
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Meet the local team
Our investment and portfolio executives come from a variety of commercial, financial and industry backgrounds with collective experience and skills, built up over many years, of supporting fast-growing businesses throughout the UK. Our team is here to ensure that you are one step closer to fulfilling your business's growth potential.
Karen de Meza
Frequently asked questions
What is the Northern Powerhouse Investment Fund?
Supported by the European Regional Development Fund and a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the North West, Yorkshire, the Humber and Tees Valley to provide microfinance, debt finance and equity finance to help ambitious small and medium-sized (SME) businesses seek finance in order to grow.
Who can apply for funding?
Eligible small and medium-sized businesses based in the North of England can apply for funding.
What types of funding are available?
NPIF Maven Equity Finance provides a range of funding options including equity investments, loans, and mezzanine finance.
What is the minimum and maximum amount of funding available?
The NPIF Maven Equity Finance Fund can provide investments ranging from £50,000 to £2m.
What is the process for applying for funding?
The application process involves submitting an online application form and providing details of your business plan and financial projections. The NPIF team will review your application and contact you to discuss your proposal further.
What are the eligibility criteria for funding?
To be eligible for funding, businesses must be based in the Northern Powerhouse region, (North West of England, Yorkshire & Humber and the Tees Valley) and have growth potential. They must also demonstrate a viable business plan and be able to demonstrate how the funding will help them achieve their growth ambitions.
Who can I contact for further information?
You can contact the NPIF team directly or by emailing firstname.lastname@example.org for further information.
Who funds Northern Powerhouse?
The £400m Northern Powerhouse Investment Fund is financed by the European Regional Development Fund, the British Business Bank, the European Investment Bank and the United Kingdom government and is a collaboration between the British Business Bank and ten Local Enterprise Partnerships.